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...Buch said it was “realistic” for banks to meet those requirements, and gave the example of energy-efficiency certificates for mortgages....
...“It’s one of the outgoings that has the biggest impact on their mortgage capacity.”...
...“Not yet” was the most popular answer of respondents working in UK banking — but in this transitional period, many felt changes were happening by stealth....
...Define oligopoly Identify the key characteristics of an oligopoly Draw and explain the kinked-demand curve Evaluate whether the banking industry is an oligopoly Gavin Clarke, Emmanuel College...
...FT Money explores what the inflation reversal could mean for investments, mortgages and pensions. Will mortgage rates rise again?...
...China has made a record cut to a mortgage-linked loan rate as policymakers roll out more targeted support to the country’s ailing property sector....
...The investor group will purchase NYCB’s common stock at a price of $2 per share and convertible preferred stock at the same conversion price, according to a press release....
...The deal will create the second-largest provider of mortgages and savings accounts and give Nationwide a foothold in business banking....
...“Over the course of this year, as interest rates and geopolitical tensions have risen, Europe’s economy — and the banks that underpin it — have been tested to new limits,” said Nigel Moden, EY’s banking...
...“It is a huge job [Khan] has ahead of him, and there is no guarantee he will succeed,” said Johann Scholtz, banking analyst at Morningstar....
...The New York-based securitised products business packaged debts, such as mortgages and loans for yachts, before selling them on as securities....
...“Over time, this will result in a phased withdrawal from our core banking business.”...
...The acquisition would allow Nationwide to move into business banking after an aborted attempt during the pandemic and also expand its share of the mortgage market....
...The investor group struck a deal to buy $1bn in common and convertible preferred stock in NYCB at a price of $2 per share, an equity infusion designed to shore up the struggling bank’s capital....
...The government created Freddie Mac, Ginnie Mae, mortgage-backed securities, modified mortgages and subsidised rates for homeowners. It was a 1 per cent mortgage era....
...Traders are now banking on four, starting in June. The Fed’s most recent guidance pointed to three cuts this year....
...So it’s less likely there’ll be a systemic crisis that, even after forcing a central-banking revolution, leads to years of US economic stagnation. That’s good....
...ANZ, Australia’s third-biggest bank, recorded a 14 per cent rise in operating profit to A$7.4bn in the year to September as its investment banking unit boosted its earnings....
...The acquisition by Barclays follows its £2.2bn purchase of Kensington Mortgages last year....
...Subsidised mortgages accounted for more than half of the new home loans....
...The UK’s biggest grocer already sold off its mortgage book in 2019....
...The purchase, which is set to catapult Nationwide into business banking and increase its share of the mortgage and savings market, is Debbie Crosbie’s boldest move since taking over as chief executive of...
...The idea of green mortgages was one of the most visible parts of the notion that finance and banking could be the lever that forces the UK economy on to the path to net zero....
...That means non-banks could themselves be an avenue for stress to feed back into the banking system. So who exactly are the recipients of all this credit?...
...“This generation was right at the front of the growth [trend] in house prices and increasingly we’re seeing more of them with no outstanding mortgage debt.”...
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